Tax Brackets 2024 Australia Single. Use the simple tax calculator to work out just the tax you owe on your taxable income for the full income year. The tax tables below include the tax rates, thresholds and allowances included in the.

This information is based on our interpretation of relevant superannuation and taxation laws as at 1 july 2024 The proposed tax cuts reduce the 19% tax rate to 16%, reduce the 32.5% tax rate to 30%, increase the threshold for the 37% tax rate from $120,000 to $135,000, and increase.